Penny Stocks: Stocks likely to be in focus tomorrow!

Penny Stocks: Stocks likely to be in focus tomorrow!

Vaishnavi Chauhan

The following penny stocks are likely to be in focus on Thursday, July 04, 2024.

On Wednesday, benchmark indices ended the trading day on a positive note, with the Sensex gaining 0.69 per cent to reach a record high of 80,074.30 and the Nifty surging 0.67 per cent to a new all-time high of 24,309.15.

The broader market also saw gains, with the Nifty Mid-Cap closing 0.79 per cent higher and the Nifty Small-Cap rising by 1.03 per cent.

Market volatility, as indicated by the India VIX, declined by 2.84 per cent, reflecting a slight decrease in volatility.

In the sectoral landscape, Nifty Financial Services, Nifty Bank, and Nifty PSU Bank were among the Top Gainers, while Nifty Media was the only sector that underperformed.

Overall market sentiment was slightly positive, with 1,503 stocks advancing compared to 806 stocks declining.

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The following Penny Stocks are likely to be in focus on Thursday, July 04, 2024:

GTL Infrastructure - Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 5 per cent upper circuit, recording an intraday high of Rs 3.76 per share on NSE. Incorporated in 2004, GTL Infrastructure Ltd provides passive telecom infrastructure sharing and energy management solutions.

Ajooni Biotech - The scrip experienced significant buying activity, resulting in the stock surging and getting locked at 10 per cent upper circuit, reaching an intraday high of Rs 6.98 per share on NSE. Incorporated in 2010, Ajooni Biotech Ltd is a PURE VEG. animal health care solutions company. It is a significant player in the animal feed and aquaculture sectors.

KBC Global - A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 10 per cent upper circuit to record an intraday high of Rs 2.01 per share on NSE. Incorporated in 2007, KBC Global Ltd is in the business of real estate construction, development, civil contracts (EPC) and related activities

 

Disclaimer: The article is for informational purposes only and not investment advice.

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